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Accumulated Other Comprehensive Income (Loss) (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
The following tables display the components of AOCL, net of tax, as of and for the years ended December 31, 2020 and 2019 (in millions):
Cumulative
Translation
Adjustment
Pension and Postretirement CostDerivative Financial InstrumentsAOCL
Balance at December 31, 2018$(493)$(398)$(22)$(913)
Other comprehensive income (loss) before reclassifications(8)(14)(18)
Amounts reclassified to earnings10 (6)11 
Net current period other comprehensive income (loss)14 (1)(20)(7)
Balance at December 31, 2019$(479)$(399)$(42)$(920)
Other comprehensive income (loss) before reclassifications(2)(4)(3)
Amounts reclassified to earnings— 47 (4)43 
Net current period other comprehensive income (loss)(2)43 (1)40 
Balance at December 31, 2020$(481)$(356)$(43)$(880)
Reclassifications from AOCL to Results of Operations
Reclassifications from AOCL to the results of operations for the years ended December 31, were pre-tax (income) expense of (in millions):
202020192018
Pension and postretirement benefit plans (1)$72 $$16 
Derivative financial instruments for effective cash flow hedges (6)(7)43 
(1)Primarily represents the amortization of net actuarial losses and plan settlements recorded in cost of products sold, selling, general and administrative expenses (“SG&A”) and other (income) expense, net in the Consolidated Statements of Operations. See Footnote 11 for further information.
Schedule of Income Tax Provision (Benefit) Allocated to Components of AOCL The income tax provision (benefit) allocated to the components of AOCL for the years ended December 31, are as follows (in millions):
202020192018
Foreign currency translation adjustments$(28)$— $
Unrecognized pension and postretirement costs23 — 11 
Derivative financial instruments(1)(3)19 
Income tax provision (benefit) related to AOCL$(6)$(3)$34